The World Bank is a specialized agency of the United Nations. Their stated aim is to reduce poverty through low-interest loans, interest-free loans from banks and economic aid to developing countries. It is made up of 185 members. This organization was created in 1944 and is headquartered in Washington, DC, United States. The World Bank Group has five specialized multilateral agencies of the United Nations:1. The International Bank for Reconstruction and Development (IBRD) has 185 member countries. It was created in 1945, aims to achieve poverty reduction in developing and middle-income countries with solvency by providing financial advice on economic management. Certainly it is the main branch of the World Bank Group, having to belong to it due to membership in one of the following organizations. (Learn economics)2. The International Development Association (IDA) has 166 countries as members. Created in 1960, the members of this association have made contributions that allow the World Bank (WB) to grant around 6,000 to 7,000 million dollars a year in credit, at very low interest, to the 78 countries considered the poorest. The international association for development is very important for those countries, called "developing", which cannot obtain financing at market conditions. This provides money for developing services such as education, housing, water, sanitation and making investments and reforms to promote productivity and increase employment. (Learn economics)3. According to Lear Economics, the International Finance Corporation (IFC) has 179 countries as members. was created in 1956, this company has the task of promoting the economy in developing countries with the help of private sect... half of paper... tries to have the largest number of shares (along with the Fund International Monetary) and therefore has a great influence on the direction of the organization. Due to its large number of shares, it is also the only country with a veto. Generally, the members of the Board of Governors are the finance or development ministers of the member countries. They meet once a year at the annual Board of Governors of the World Bank Group and the International Monetary Fund. (Keep the articles)Since the Board of Governors meets only once a year, delegating specific tasks to 25 executive directors who work in the offices of the World Bank. The World Bank's five largest shareholders are France, Germany, Japan, the United Kingdom and the United States, which each choose an executive director, while the other member countries are represented by the remaining 19 CEOs. (The World Bank)